William Hill PLC Holding(s) in Company (7624Q)

TIDMWMH

RNS Number : 7624Q

William Hill PLC

01 December 2016

The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.

Tom Fuller

Assistant Company Secretary

1 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                              William Hill PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: 
-------------------------------------------------------------------------  --------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                                       X 
-----------------------------------------------------------------------------  ----------------------------------------- 
 An acquisition or disposal of qualifying financial instruments                                    X 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
-----------------------------------------------------------------------------  ----------------------------------------- 
 An acquisition or disposal of instruments with similar economic                                   X 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ----------------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ----------------------------------------- 
 Other (please specify): 
---------------------------------------------------------------------  ------  ----------------------------------------- 
 3. Full name of person(s) subject                                           Morgan Stanley (Institutional Securities 
  to the                                                                        Group and Global Wealth Management) 
  notification obligation: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
-----------------------------------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction and date                                                        29.11.2016 
  on 
  which the threshold is crossed 
  or 
  reached: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                                          01.12.2016 
-----------------------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                           6%* 
  or 
  reached: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous               Resulting situation after the triggering 
 of              to the triggering                transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  -------------------------------  ---------------------------------------------------------------------- 
                Number            Number         Number            Number of voting             % of voting 
                 of                of             of shares         rights                       rights 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  -------------  ----------------  ---------------------------  ----------------------- 
                                                 Direct            Direct        Indirect       Direct     Indirect 
-------------    ------------    -----------    ----------------  ------------  -------------  ---------  ------------ 
 GB0031698896   0                 0              304,317           304,317                      0.04% 
               ----------------  -------------  ----------------  ------------  -------------  ---------  ------------ 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration                   Exercise/         Number of voting    % of voting 
 financial         date                         Conversion       rights that may      rights 
 instrument                                     Period           be 
                                                                 acquired if the 
                                                                 instrument is 
                                                                 exercised/ 
                                                                 converted 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 Depositary 
 Receipt                     N/A                     N/A               5,012                       0.00% 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 Right of 
 recall 
 over 
 securities 
 lending 
 agreements                  N/A                     N/A            47,138,361                     5.45% 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration     Exercise/       Number of voting    % of voting rights 
 financial      price           date           Conversion      rights instrument 
 instrument                                    period          refers to 
-------------  --------------  -------------  --------------  ------------------  ------------------------------------ 
                                                                                     Nominal             Delta 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         28.12.2016         N/A            6,195,277           N/A               0.72% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         13.03.2017         N/A             374,000            N/A               0.04% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         27.10.2017         N/A            1,660,153           N/A               0.19% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         28.11.2017         N/A             277,000            N/A               0.03% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         01.02.2018         N/A             281,000            N/A               0.03% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         03.04.2018         N/A            2,483,942           N/A               0.29% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         08.10.2018         N/A             151,000            N/A               0.02% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         15.10.2018         N/A             163,000            N/A               0.02% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  -------------------------------------------------------- 
 59,033,062                                                    6.82% 
------------------------------------------------------------  -------------------------------------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------------------------------------------- 
 Morgan Stanley & Co. International plc, Legal & Compliance Department, 

  25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. is a 
  direct holder of 52,832,773 voting rights (6.11%) and is a subsidiary 
  of Morgan Stanley Investments (UK) 
 
  Morgan Stanley Investments (UK), 20 Bank Street, Canary Wharf, London, 
  E14 4AD, UNITED KINGDOM. is an indirect holder of 52,832,773 voting rights 
  (6.11%) and is a subsidiary of Morgan Stanley UK Group 
 
  Morgan Stanley UK Group, 25 Cabot Square, LNCS/5, Canary Wharf, London, 
  E14 4QA, UNITED KINGDOM. is an indirect holder of 52,832,773 voting rights 
  (6.11%) and is a subsidiary of Morgan Stanley International Limited 
 
  Morgan Stanley International Limited, 25 Cabot Square, Canary Wharf, 
  London, E14 4QA, UNITED KINGDOM. is an indirect holder of 52,832,773 
  voting rights (6.11%) and is a subsidiary of Morgan Stanley International 
  Holdings Inc. 
 
  Morgan Stanley International Holdings Inc., c/o The Corporation Trust 
  Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, 
  Delaware, 19801, USA. is an indirect holder of 52,832,773 voting rights 
  (6.11%) and is a subsidiary of Morgan Stanley 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
-----------------------------------------------------------------------  --------------------------------------- 
 11. Number of voting rights proxy holder will                            N/A 
  cease 
  to hold: 
-----------------------------------------------------------------------  --------------------------------------- 
 12. Date on which proxy holder will cease to                             N/A 
  hold 
  voting rights: 
-----------------------------------------------------------------------  --------------------------------------- 
 
                                                                          Morgan Stanley's total holding in 
  13. Additional information:                                              William Hill PLC remains above the 
                                                                           6.00% threshold previously disclosed 
                                                                           however, this notification is being 
                                                                           made on the basis that Morgan Stanley 
                                                                           & Co. International plc, a wholly 
                                                                           owned subsidiary of Morgan Stanley, 
                                                                           has crossed a relevant threshold in 
                                                                           its own right. 
-----------------------------------------------------------------------  --------------------------------------- 
 14. Contact name:                                                        Craig Horsley 
-----------------------------------------------------------------------  --------------------------------------- 
 15. Contact telephone number:                                            [phone] 
-----------------------------------------------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2016 12:52 ET (17:52 GMT)